WASHINGTON & EL DORADO HILLS, Calif.--(BUSINESS WIRE)--BurTech Acquisition Corp. (“BurTech”) (NASDAQ: BRKH), a publicly-traded special purpose acquisition company, and Blaize, Inc. (“Blaize”), a provider of purpose-built, artificial intelligence (“AI”)-enabled edge computing solutions, today announced the completion of their previously announced business combination (the “Business Combination”). The combined company will operate under the name Blaize Holdings, Inc. and begin trading on Nasdaq u.
Blaize Holdings announced a merger with the SPAC BurTech Acquisition Corp. on Dec. 22, 2023, giving the combined company a pro forma enterprise value of $894 million. The transaction is expected to net the company $71 million in proceeds after expenses. Blaize has a capable management team with experience from leading semiconductor manufacturers. Barring the approval of another extension, the company has until December 15, 2024 to complete the business combination.